Cantor Fitzgerald turned bullish on three crypto-linked stocks. Analyst Ramsey El-Assal assumed coverage of Coinbase (COIN), Strategy (MSTR), and Robinhood (HOOD), rating all three stocks Overweight.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
El-Assal believes each company is well placed to benefit as crypto adoption grows and digital finance becomes more mainstream. He also set price targets that point to solid upside from current levels.
Coinbase Is Building an “Everything Exchange”
The analyst initiated coverage of Coinbase with an Overweight rating and a $277 price target, implying 30% upside from current levels. He said the company is no longer just a crypto trading platform and is evolving into an “Everything Exchange.”
While trading volume remains the main revenue driver, the analyst highlighted Coinbase’s fast-growing subscription and services business. This includes staking, custody, and other blockchain services. He expects this mix to support steadier earnings over time as the crypto market matures.
El-Assal added that Coinbase’s scale and trusted brand give it a strong position as both retail and institutional crypto use expands.
Strategy Offers Long-Term Bitcoin Exposure
Cantor Fitzgerald also assumed coverage of Strategy with an Overweight rating and a $213 price target, implying 33% upside from current levels. The analyst said the firm remains a long-term believer in Bitcoin and expects continued institutional adoption to support the story.
He noted that Strategy’s software business now plays a smaller role, but a turnaround could still produce steady cash flow. That cash could help fund further Bitcoin purchases over time, according to the analyst.
Notably, the company disclosed yesterday that it bought 2,932 bitcoin for about $264 million at an average price of $90,061 per coin. As of January 25, Strategy holds 712,647 bitcoin, acquired at a total cost of roughly $54.2 billion.
Overall, the analyst views Strategy as a direct way for investors to gain long-term exposure to Bitcoin.
Robinhood Has a Longer Growth Runway Ahead
Robinhood also earned an Overweight rating, with the analyst setting a $130 price target. He said the company continues to benefit from long-term trends in digital financial services.
The analyst pointed to Robinhood’s steady product launches and strong execution. He also highlighted its younger user base, which gives the company a chance to gain more wallet share as customers’ needs grow over time.
Cantor added that Robinhood’s current valuation looks attractive given its expanding platform and long-term growth potential.
Which Stock Is Best to Buy Now?
We used the TipRanks Stock Comparison tool to see how Wall Street analysts rate the three stocks above and which one they see as offering the strongest upside.
